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A world-renowned US economist who was part of a secret “Plan B” team devised by Greece's former finance minister, has denied being involved in a “criminal gang” intent on bringing the drachma back to the country.

The former leader of the Conservative Party, Lord Howard of Lympne, is to be questioned by the Serious Fraud Office over the coming days in relation to a criminal investigation into an oil explorer where he is chairman.

The Athens stock exchange was set to reopen on Monday after a five-week shutdown due to the imposition of capital controls as local investors complained of discrimination over new restrictions on buying shares.

LONDON British mining company Vedanta Resources faces legal action in London's High Court after a group of Zambian villagers said their water source and farmland was polluted by the firm's copper mining operations.